Coforge Set to Announce One of Its Largest Deals Ever in Q4
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CNBC TV18•27-01-2026, 20:45
Coforge Set to Announce One of Its Largest Deals Ever in Q4
- •Mid-cap IT services provider Coforge is poised to announce one of its biggest deals in Q4, as revealed by CEO Sudhir Singh.
- •The upcoming deal is in the allied vertical (healthcare), specifically the UK public sector, and is among the largest for Coforge in that sector.
- •Healthcare and hi-tech verticals currently contribute 10.5% of Coforge's aggregate revenue, having doubled in the last four quarters.
- •Coforge aims for a 15% operating margin, targeting to close FY26 with a 14% margin, despite a recent dip to 13.4% due to wage hikes and hedging losses.
- •The company's stock experienced a decline, ending Friday with a 2.7% loss and a weekly drop of over 4.8%.
Why It Matters: Coforge is on the verge of announcing a major healthcare deal in the UK public sector, boosting its growth.
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